Paulo Financial Advisors, LLC (Staten Island)

Name: Paulo Financial Advisors, LLC
Address: 1688 Victory Boulevard, Staten Island, NY, 10314
Telephone: (718) 370-3464

Paulo Financial Advisors, LLC is a mid-sized advisory firm based in Staten Island. It manages $29.44 million of regulatory assets for 62 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdiction of New York.

Paulo Financial Advisors provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and investment consulting and tax planning. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Paulo Financial Advisors: assets under management

The assets under management (AUM) of Paulo Financial Advisors, LLC is $29.44 million. The firm's AUM has grown by 7% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $28.52 million in discretionary accounts and $925.7 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $483.33 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $308.57 thousand.

Paulo Financial Advisors has custody of $5.67 million in cash and securities for 5 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 59% of the total AUM. The second-largest asset type is other assets, which make up 15% of the firm’s portfolio. Investments in investment and business development companies form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Paulo Financial Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Paulo Financial Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Paulo Financial Advisors is high net worth individuals with 5 clients and $17.06 million of assets under management. Among the 3 most similar advisory firms, Paulo Financial Advisors has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $29.44 million for 31 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Paulo Financial Advisors doesn't advise any private funds.

Careers at Paulo Financial Advisors, LLC

The company employs 1 person that is either a part- or full-time employee. 100 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Catherine Maria Paulo	Managing member & cco	1 Jun 2004	75% - 100%	4823138
John Benedict Donnelly	Owner, chief compliance officer	1 Sep 2019	75% - 100%	4722840

Based in Staten Island

The principal office where Paulo Financial Advisors, LLC performs its advisory services is located at 1688 Victory Boulevard, Staten Island, NY 10314, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (718) 370-3464 or by fax (718) 370-3462. The normal business hours are by appointment only on Monday - Friday. You can find more information about the New York firm at paulofinancialadvisors.com.